RCISES ations are BE10-1 Busch Company has these obligations at December 31: (a) a note...
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RCISES ations are BE10-1 Busch Company has these obligations at December 31: (a) a note payable for $100,000 due in 2 years, (b) a 10-year mortgage payable of $200,000 payable in ten $20,000 annual payments and (c) interest payable of $15,000 on the mortgage, and (d) accounts payable of $60,000. For each obligation, indicate whether it should be classified as a cur- rent liability, noncurrent liability, or both
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